Middle East Update: US Allies Facing Economic Collapse Over Iran Conflict? | An Analysis

Former Italian diplomat Marco Carnelos analyzes the devastating economic impact of the US-Israel-Iran conflict, suggesting that Washington's own allies in Asia and Europe are the primary victims. The closure of the Strait of Hormuz has triggered a massive energy crisis and stock market crashes across Asia, specifically impacting South Korea and Japan. Meanwhile, Europe faces a critical gas shortage as winter approaches, threatening the continent with an unprecedented energy emergency. These mounting economic pressures are creating significant internal fractures within the Western alliance, as allies struggle with the soaring costs of the war. #EconomicImpact #EnergyCrisis #USAllies #Geopolitics #GlobalEconomy

Added 11 Apr 2026